Jurisdiction(s):
Ireland

Ireland: ECSP crowdfunding regulation and SI 702/2021—CBI authorisation, investor protection, ESMA Q&As and Irish company law considerations

Published by a Lexis+ Ireland - Banking & Financial Services expert

Practice notes

This Practice Note outlines how crowdfunding is overseen in Ireland pursuant to Regulation (EU) 2020/1503 (the ECSP Regulation) together with SI No 702/2021 European Union (Crowdfunding) Regulations 2021 (Ireland) (SI 702/2021 (IRL)). It should be read alongside the Practice Notes: EU Regulation of crowdfunding-the ECSP Regulation; the MiFID II Crowdfunding Directive; and The UK regulation of crowdfunding platforms-essentials. Equity crowdfunding and peer-to-peer business lending in Ireland Before the ECSP Regulation took effect, equity crowdfunding and peer-to-peer business lending (P2P lending) in Ireland fell outside regulation unless the platform also provided other linked regulated activities, for example payment services or investment services under the Markets in Financial Instruments Directive (2004/39/EC) (MiFID). As an element of its 2017 Action Plan under the International Financial Services 2020 Strategy, which set a long-term vision for the growth of Ireland’s international financial services industry, the Irish government pledged to run a public consultation on crowdfunding, aligned with the European Commission’s Action Plan on Building a Capital Markets Union (first launched in 2015). In April 2017, the Department of Finance released a consultation paper addressing the regulation of crowdfunding in Ireland. The consultation concluded on 2 June 2017 and a feedback paper followed in due course...

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Eimear O'Brien

Hogan Lovells

Eimear is a partner in Hogan Lovells financial regulatory practice and is based in Dublin. She advises clients FinTech, retail lending, crowdfunding, banking regulation and crypto. Before joining Hogan Lovells, Eimear was the Chief Legal Officer of an equity crowdfunding platform. She previously worked in both the Legal and Enforcement Divisions of the Central Bank of Ireland (CBI) and uses knowledge of the CBI’s approach to guide and advise clients on interactions with the regulator. She is a regular speaker at Hogan Lovells’ Fintech Webinar series. She lectures on the Irish financial services market generally and payment services specifically in the Law Society of Ireland’s financial services diploma course. Time on secondment to the legal team of a UK retail bank and assisting the launch of a start up in Ireland is part of Eimear’s first-hand domestic and...

Web page updated on 13/06/2026

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